EQ Resources (ASX:EQR) began a phase 1 drilling program at its Barruecopardo Mine in Spain, comprising 36 drill holes for 12,155 meters, according to a Friday Australian bourse filing.
The company said the drilling targets extensions north, south, and below the current open pit, aiming to support mine life extension and improve understanding of deeper zones.
Results and an updated resource estimate are expected about two months after drilling is completed, with the campaign budgeted at around AU$2.5 million, it added.
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